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When they need to cut costs, most companies do it the wrong way, sparking a downward spiral. When done right, the company benefits without putting itself in peril. Hi and welcome back! This video is about transaction costs and their importance in driving the profits of a business. Like many executives, youve probably given a lot of thought to cost control across the years. Cost control tends to be a lot of, You know, well go out and cut costs here, or We dont necessarily need to spend the money or You know, were gonna get the cost down somehow. In reality, the best way to control cost is to control the transaction counts in your business. In the WayPoint world, we think of four items as being transactional costs: the number of orders that you receive from customers; the number of pick/pack events that go on in the warehouse as you prepare the product; the number of deliveries that you have to the customer; and the number of invoices that you use to it memorialize the trans
